Groupon Stock Continues to Drop After Sad Earnings Report

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Insert joke about $10 for $20 in stock here. Photo: Andrew Harrer/Bloomberg via Getty Images

Groupon, once upon a time a beacon of deal-site glory, continues to get battered as a public company: Yet another dismal earnings report got released today. The news of a fourth-quarter net loss of $81.1 million hit the airwaves after the markets closed, but it's already sent the company's stock price tumbling in after-hours trading — it's down at $4.46 as of this writing, a full 25 percent drop from its closing price of $5.98 just an hour ago. Things had been looking slightly up for the company since hitting an August low amid some media mumbling about the public having serious "deal fatigue." Maybe too many people are sick of the unused scuba lesson coupons staring them in the face every time they open their junk drawers. [Chicago Tribune, Reuters, Earlier]